Continental Building Products, Inc. (NYSE:CBPX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec. “

A number of other equities research analysts also recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 target price on shares of Continental Building Products in a report on Monday, June 19th. BidaskClub raised Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.33.

Shares of Continental Building Products (NYSE:CBPX) opened at 22.05 on Tuesday. The firm has a 50-day moving average of $22.48 and a 200 day moving average of $23.90. Continental Building Products has a one year low of $18.35 and a one year high of $26.53. The company has a market cap of $864.80 million, a price-to-earnings ratio of 20.25 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.03. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The business had revenue of $120.60 million for the quarter, compared to analyst estimates of $127.60 million. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Continental Building Products will post $1.30 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in Continental Building Products during the first quarter worth $13,876,000. Renaissance Technologies LLC increased its stake in Continental Building Products by 308.1% in the first quarter. Renaissance Technologies LLC now owns 496,700 shares of the construction company’s stock worth $12,169,000 after buying an additional 375,000 shares in the last quarter. Prudential Financial Inc. increased its stake in Continental Building Products by 27.1% in the second quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after buying an additional 273,192 shares in the last quarter. Macquarie Group Ltd. increased its stake in Continental Building Products by 15.6% in the first quarter. Macquarie Group Ltd. now owns 1,461,002 shares of the construction company’s stock worth $35,795,000 after buying an additional 196,797 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Continental Building Products by 58.0% in the first quarter. JPMorgan Chase & Co. now owns 488,094 shares of the construction company’s stock worth $11,958,000 after buying an additional 179,112 shares in the last quarter. 95.58% of the stock is owned by institutional investors.

About Continental Building Products

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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